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You're gonna' love this thread!

But I keep getting confused on the amount of the bond issue. Only two weeks ago it was down to $6.5 billion, now it's back up to $11+. Did the Revenue Anticipation Warrants go away?

It's going to be a hot June in Bagramento!

Hey snoper, there you go again trying to be logical about what the socialist/commies are saying re the up coming Banana Republic Junk All ready used power bonds!

You posted, But I keep getting confused on the amount of the bond issue. Only two weeks ago it was down to $6.5 billion, now it's back up to $11+. Did the Revenue Anticipation Warrants go away?

You conservatives are so nit picking. What the heck is wrong with a little variance of 4.5 billion $'s among Kali taxpayers? Your nit picking will never feed a starving Illegal Alien Child nor enable reparations to be paid to those claiming to be descendents of slaves!

Maybe that 4.5 billion $ variance is going to reelect the great Davis?

Remember this is new math Kali land we are dealing with. Who cares if they are correct, their intent is good and kind. Unlike the evil intent of conservatives who want to balance the budget on the backs of the poor.

A couple of things. The state Treas. says he will put out an agenda sometime in June. To do that, he needs to know by when this challenge will be settled. He also needs to know when the budget will be solved and passed. I suspect that the settlement of the PG&E challenge is the much easier to forecast than when the legislature will get its act together.

By law to be tax exempt bonds, issuance costs can not exceed 2%. Therefore the 1% estimate could happen. Althought what could be interesting is to request that the Treas. require this to be a competitive bond underwriter selection as opposed to a "sole source" or negotiated bond underwriter deal.

Finally, I suspect that the warrants are toast for this fiscal year, which out to make for some interesting cashflow issues at the state.